New Delhi, May 15: Prime Minister Narendra Modi stated on Friday that the agreements between India and the United Arab Emirates (UAE) will further strengthen the ties between the two nations. During his brief visit to the Gulf country, India and the UAE signed seven significant agreements related to energy, defense, technology, infrastructure, and investment.
Sharing his thoughts on social media platform X, PM Modi described the outcomes of this visit as “important,” emphasizing that it would enhance the strategic partnership between India and the UAE.
He remarked, “These significant agreements will further solidify India-UAE friendship.”
The agreements aim to promote energy security, defense manufacturing, advanced computing, maritime infrastructure, and investment. Among the key agreements is a strategic cooperation deal between Indian Strategic Petroleum Reserves Limited and the Abu Dhabi National Oil Company, aimed at bolstering India’s energy security and expanding strategic petroleum reserves.
This partnership will also create new opportunities for collaboration in India’s LNG and LPG infrastructure sectors.
Both nations signed a strategic agreement for long-term LPG supply, designed to enhance India’s energy security amid rising global demand and market volatility.
In the defense sector, India and the UAE agreed on a framework for a strategic defense partnership, focusing on defense manufacturing, military training, maritime security, cybersecurity, innovation, and secure communication systems.
Another significant project is the proposed ship repair and maritime infrastructure cluster in Vadinar, Gujarat. This initiative will strengthen the ‘Make in India’ campaign and aid in developing India’s maritime sector.
India and the UAE also reached an agreement on skill development in the ship repair sector, enhancing the capabilities of India’s maritime workforce and assisting the country in becoming a global hub for shipbuilding and repair.
In the technology sector, both countries agreed to establish eight exaflop supercomputer clusters in collaboration with India’s Center for Development of Advanced Computing and UAE’s G42 company.
Additionally, the UAE announced a $5 billion investment in India’s infrastructure and financial institutions, further solidifying the economic relationship between the two nations.
Leave a Comment